https://www.sipri.org/media/press-release/2021/world-military-spending-rises-almost-2-trillion-2020

(Stockholm, 26 April 2021) Total global military expenditure rose to $1981 billionlast year, an increase of 2.6 per cent in real terms from 2019, according to new data published today by the Stockholm International Peace Research Institute (SIPRI). The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, India, Russia and the United Kingdom. Military spending by China grew for the 26th consecutive year.